A good book, although a little old the techniques haven't changed (although trickier to get whale oil now).
For the smaller stuff you can just use taps and dies, but you have of course to buy one for each size, plus you can't do stuff like tapers. Still, I've only done a couple of threads on mine.
The L5 is large but very solid, I do wish I had a DRO though.
Do you have a vertical slide so you can do some milling?